Egypt’s largest refining entity is planning to invest EGP 679 million in local manufacturing projects during the 2026/27 fiscal year as part of a broader strategy to deepen the country’s industrial capabilities and meet rising domestic demand. Cairo Oil Refining Company Chairman Tarek Abdel Latif announced the investment target during a general assembly meeting to approve the company’s budget.
The company, which accounts for approximately 25 percent of Egypt’s total refining capacity, operates two major refineries in Mostorod and Tanta, processing nearly 8 million tons of crude oil annually. Its specialized manufacturing workshops, equipped with modern machinery, serve as a critical pillar for the national refining sector by providing essential equipment and technical services to sister companies.
A key highlight of the current portfolio is the boiler development project at Alexandria Petroleum Company, with the first phases nearing trial operation within days. The company has also achieved significant energy conservation results, saving a total of 258 megawatt-hours through expanded solar energy use across administrative buildings and the replacement of traditional lighting with energy-efficient systems.
Petroleum Minister Karim Badawi, who chaired the meeting via video conference, emphasized the need to monitor the quality of petroleum products from refining and manufacturing processes, as these directly affect consumers. He directed the company to finalize a five-year strategic plan focused on increasing production rates and improving operational efficiency while maintaining strict quality standards.
The minister also highlighted the importance of marketing the company’s premium products abroad to maximize their value and boost financial returns. Established in 1982, Cairo Oil Refining Company supplies the Greater Cairo and Nile Delta regions with essential products including gasoline, diesel, and jet fuel.
Source: egyptoil-gas.com